Kreiser Company had three intangible assets at the end of 2017 (end of the accounting year); a. A patent was purchased from J. Miller on January 1, 2017 for a cash cost of $5,640. When purchased, the patent had an estimated We of fifteen years b. A trademark was registered with the federal government for $10,000 Management estimated that the trademark could be worth as much as $200,000 because it has an indefinite life. con January 1, 2017, computer licensing rights were purchased for $60,000. The rights are expected to have a four-year useful life to the company Required: 1. Compute the acquisition cost of each Intangible asset. Acquisition cost. Patent Trademark Licensing rights 2. Compute the amortization of each intangible for the year ended December 31, 2017 Amortization expense Patent Tradema Logo 3. Show how these assets and any related expenses should be reported on the balance sheet and income statement for 2017 Paris command for 2017 3. Show how these assets and any related expenses should be reported on the balance sheet and income statement for 2017 Partial Income Statement for 2017: Partial Balance Sheets December 31, 2017: Intargbles Totul angles